The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.10 - Development of building projects
200 jobs Number of planned job losses
Announcement Date
26 April 2023
Employment effect (start)
26 April 2023
Foreseen end date
Description
The construction company JM announces that 200 people will be laid off. The background is the forseen recession leading to a reduced demand of construction, and therefore the need to plan layoffs. JM is one of many construction and real estate companies that has been forced to reduce their workforce as a result of the forcasted recession. The increased interest rates are particularly noticable in the construction sector, which has long enjoyed a construction boom in Sweden. The higher interest rates are leading to a lower sales rate, and forces a lower volume of production in the entire sector.
26 April 2023: Press release made by JM (www.jm.se)
Citation
Eurofound (2023), JM, Internal restructuring in Sweden, factsheet number 108859, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108859.
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